💨 Abstract

Match Group, the parent company of Tinder, Hinge, OkCupid, and Plenty of Fish, forecasts lower-than-expected revenue for Q4 due to decreased discretionary spending on dating apps, as revealed in a Reuters report. This follows a missed Q3 revenue estimate, and an 8th consecutive quarter of declining total paying users.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖